I am a foreigner with a C-Corp, My C-Corp invested $135,000 as a domestic partner in an LLC. Where do I enter this initial investment of $135,000 in my C-Corp tax return, to offset with K-1.

Forum|Forum|6 years ago
October 7, 2019
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I own a C-Corp and I am a foreigner with no social.

My C-Corp received a K-1 from an LLC where my C-Corp owns 20% partnership.

My C-Corp invested $135,000 year 2017 in that partnership, where do I enter the $135,000 to show in my tax return 2017.

TurboTax Business Windows

Critter

Employee

Investing in a company is not reported on an INCOME tax return since it is not income and is not a deduction to income ... it is your basis in the company you invested into .... seek local professional assistance to be counseled on the bookkeeping & tax filings of your corporation so you get things done correctly as the penalties for incorrect filings can be steep.